A bank manager, Arun Veermalla, along with a peon and two of his associates were arrested by Yelahanka police for allegedly stealing Rs 1 crore from the Bank of Baroda’s RR Nagar branch, Bangalore recently.
Police recovered Rs 60 lakh from Veermalla. Police said Veermalla went to the bank’s chest on Siddaiah Road and took Rs 1 crore for the transaction. He left the bank in a hurry without depositing the money.
In the evening, he called the manager of another branch and asked her to raise a receipt to show that he was depositing Rs 1 crore to that branch.
Finding this odd, she called up the regional manager, Ritesh Kumar.
Kumar told police that Veermalla and Ramakrishna called the bank on the same evening to inform them that unknown miscreants have stolen Rs 1 crore from them and they are at the Chikkajala police station. The regional manager filed a complaint naming Veermalla as a suspect.
Veermalla was guided to Yelahanka by Chikkajala police because the location of the robbery he described falls within their jurisdiction. By then, Kumar’s complaint had been taken up by police and inspector M B Ramakrishna Reddy found that Veermalla had given stolen money to one Imtiyaz, who promised to pay back Rs 2 crore in return.
Imtiyaz had taken the money at an apartment near the police station in Yelahanka. He made excuses instead of returning the money. With the hope of sharing the riches if Imtiyaz returned Rs 2 crore, Ramakrishna and Basavaraju too abetted the offence.
“We are trying to recover the rest of the money and nab Imtiyaz’s associates,” said a senior officer.